Is 93420, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 93420 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 93420 was a Neutral Market.

Key Takeaway

93420 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 93420, CA

How much do homes in 93420, CA cost?

Median Sold Price

$1,103,750

$543/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$128,750(+13.2%)

Key Takeaway

Homes in 93420 have sold for 13.2% more than they did a year ago.

Summary: The median home sold price in 93420 was $1,103,750 in October 2024, up 13.2% from last year, and the median price per square foot was $543.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $555K$384K
-30.8%
2 $600K$590K
-1.7%
3 $917K$1.0M
+11.8%
4 $1.2M$1.3M
+11.4%
5+ $1.4M$1.8M
+29.6%

Summary: 93420 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.8%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 29.6%.

Median Sold Price Compared To Nearby Zip Codes

93449
+21.5%
93420
+13.2%
93444
+5.3%
93433
+4.8%
93445
-4.8%

Housing Supply in 93420, CA

How many homes are available in 93420, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8788+1.1%

Summary: The 93420 real estate market had 88 homes for sale in October 2024, a 1.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1013
+30.0%
3 4543
-4.4%
4 1919
0.0%
5+ 1111
0.0%

Summary: The 93420 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1823+27.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 93420, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in 93420 in October 2024, up by 27.8% month-over-month. Of the 23 sold homes, 48% were sold under asking, 13% were sold at asking, and 39% were sold over asking.

Days on Market for 93420, CA

How long does it take to sell a home in 93420, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days53 Days+77.1%

Summary: Homes in 93420 had an average of 53 days on market in Oct 2024, up by 77.1% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 93420 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 23 homes were sold in 93420; 65% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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